Dear All,
The following details and photo have been provided in respect to the subject investment. This is a freehold, retail, office and residential investment in Picton Street, north of Bond Street station. It contains 11,000sq.ft. of retail, 12,000sq.ft. of offices, 13 apartments and a penthouse. The residential is sold off on 125 year long leases with ground rent of £100p.a. per unit. Reiss are offering a 20 year sale and leaseback on 2 leases – one on the retail, another on the offices. The combined income will be £1.65m p.a., approx. £700,000p.a. of which will be on the offices (c.£57.50 per sq.ft.). The rent reviews will be 5 yearly and will be set to either 2.5%p.a. compounded uplifts or OMV, whichever is the higher. 100% capital allowances will be available. Price: £32m. Kind Regards, *Syed Waqas Rehman* *Business Development Executive* ** Cell: 0092 300 5186870, 0092 333 9259421 ** *PS: pls sms or email in case my phone is busy or no reply. Kindly note that properties listed are subject to availability and price may change without prior notice. Please consider the environment before printing this e-mail. Save Paper, Save Earth.* -- Dubai Properties Google Group is managed by: Farzad Mohammad / Senior Investment Adviser, Mob:0098 912 213 [email protected] You received this message because you are subscribed to the Google Groups "Dubai-properties" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Dubai-propertie?hl=en
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